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Elon Musk

Elon Musk reaches $44 billion buyout deal with Twitter, aims to privatize the company

by Associated Press
Apr 25, 2022
Elon Musk said he wanted to own and privatize Twitter because he thinks it’s not living up to its potential as a platform for free speech.
Twitter said the transaction was unanimously approved by its board of directors and is expected to close in 2022.
Justin Sullivan/Getty Images
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Poison pills: Why companies use the self-defense strategy

by Andy Uhler
Apr 15, 2022
Shareholder rights plans, as they are also known, are used to fend off takeovers, like Elon Musk's bid for Twitter.
To prevent Elon Musk from holding too much stake in Twitter, the board has enacted a "poison pill," giving other shareholders the opportunity to buy more shares in order to dilute Musk's power.
Win McNamee/Getty Images
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The strategy behind adding Elon Musk to Twitter's board

by Mitchell Hartman
Apr 6, 2022
Musk has been an avid user — and critic — of the social media platform for years. The brand could use some "shaking up," one analyst says.
Elon Musk has been a fierce critic of Twitter's approach to speech.
Patrick Pleul/Pool/AFP via Getty Images
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Concerned about fossil fuel use, Tesla will stop accepting Bitcoin for car payments

by David Brancaccio and Nova Safo
May 13, 2021
"We could have told him about Bitcoin and energy use. Why has Musk changed his mind now?"
Tesla CEO Elon Musk tweeted the news on Wednesday, citing environmental concerns.
Saul Martinez/Getty Images
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Musk’s $100 million prize a complement to needed government climate action

by Katherine Wiles
Feb 12, 2021
The tech titan is running an innovation contest for carbon-removal technology. But it can only be a small part of the solution.
Elon Musk, the chief of Tesla and SpaceX, is sponsoring a contest with a big financial payoff, aimed at developing carbon-removal technology.
Maja Hitij/Getty Images
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Tesla buys $1.5 billion in Bitcoin, says it will soon accept the cryptocurrency as payment

by Associated Press
Feb 8, 2021
Bitcoin spiked 14% and appeared to briefly hit a new all-time high. Shares of Tesla moved higher as well.
The California company revealed the new strategy in a filing with the U.S. Securities and Exchange Commission early Monday.
Frederic J. Brown/AFP via Getty Images
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COVID-19

Elon Musk says he's defying government orders, reopening Tesla assembly plant

by David Brancaccio , Nova Safo and Alex Schroeder
May 12, 2020
The plant is situated in a California COVID-19 hot spot.
Musk has also threatened to move his operation out of California altogether.
Philip Pacheco/AFP via Getty Images
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Tesla's China factory could be a model for U.S. automakers

by Jack Stewart
Dec 27, 2019
The electric vehicle company is avoiding steep import tariffs by building cars in Shanghai.
Elon Musk walks with Shanghai Mayor Ying Yong during the groundbreaking ceremony for a Tesla factory in the city in January.
STR/AFP via Getty Images
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Workplace Culture

Threats against unionizing are on the rise — on Twitter

by Meghan McCarty Carino
Oct 1, 2019
The founders of Tesla, Barstool Sports and the publisher of the Federalist have tweeted anti-union threats.
SpaceX CEO Elon Musk gives an update on the next-generation Starship spacecraft at the company's Texas launch facility on September 28, 2019 in Boca Chica near Brownsville, Texas.
Loren Elliott/Getty Images
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Marketplace Tech Blogs

If Tesla makes a less fancy SUV... can it make it faster?

by Jed Kim
Mar 18, 2019
The new Model Y is — technically — a lot like the Model 3.
Courtesy of Tesla
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